The latest update of “Global Load Bank Hire Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Load Bank Hire Market.
Overview of the Load Bank Hire Market:
The use of a load bank in electrical testing is an excellent way to find out if a power source can meet its design requirements. It is a device that simulates an electrically-imposed load. It is an essential piece of test equipment that enables electrical engineers to accurately test their products. However, it is important to note that a properly functioning and maintained one is crucial to the safety of your equipment. Therefore, it is imperative to use it correctly to ensure that your equipment meets its specifications.
A load bank is a test facility that uses the energy output of a power source for support or protection purposes. Its primary purpose is to mimic the energy output of a real-life load. A "real" load is an actual machine or device that requires an uninterrupted stream of electricity. Using a load bank to test and calibrate your equipment is an efficient way to ensure that it is working as designed. This type of test environment is also useful in testing engine-generator sets, data servers, and maritime switchboards.
Market Dynamics:
Launch of new products is expected to propel growth of the global load bank hire market over the forecast period. For instance, in October 2018, Comrent International launched the CR922 Hybrid 6MW, a direct connect medium voltage load bank.
Major players operating in the load bank hire market are focused on adopting various marketing strategies to enhance their market share For instance, in November 2021, Byrne Equipment Rental exhibited its product portfolio at Abu Dhabi International Petroleum Exhibition and Conference. Similarly, in November 2021, Rentaload exhibited at Datacloud Nordics in Copenhagen.
Key Takeaways:
- Launch of new products is expected to propel growth of the global load bank hire market over the forecast period. For instance, in April 2018, Comrent International launched Comrent Prewire Trailer Package, a fully-customizable, self-contained testing and commissioning platform designed to validate AC power systems up to 5-megawatts.
- Major players operating in the load bank hire market are focused on adopting sustainable approaches. For instance, in September 2021, Aggreko partnered with TEDxGlasgow, the grassroots initiative created in the spirit of TED’s overall mission to research and discover ideas worth spreading.
- Major players operating in the global load bank hire market include, Sunbelt Rentals, Aggreko, ComRent, Northbridge, Optimum Power Services, Kennards Hire, Byrne Equipment Rental, Tatsumi Ryoki, Gregory Poole, Starline Power, Rentaload, Global Power Supply, LLC, Holt of California, Energyst, Load Banks Direct, Simplex, LM Generating Power Company Ltd., Worldwide Power Products, Perennial Technologies Pvt. Ltd., CSME Power Systems, and Jovyatlas
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Load Bank Hire Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Load Bank Hire Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Sunbelt Rentals
- Aggreko
- ComRent
- Northbridge
- Optimum Power Services
- Kennards Hire
- Byrne Equipment Rental
- Tatsumi Ryoki
- Gregory Poole
- Starline Power
- Rentaload
- Global Power Supply, LLC.
- Holt of California
- Energyst
- Load Banks Direct
- Simplex
- LM Generating Power Company Ltd.
- Worldwide Power Products
- Perennial Technologies Pvt. Ltd.
- CSME Power Systems
- Jovyatlas
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Load Bank Hire Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Resistive Load Bank
- Reactive Load Bank
- Resistive/Reactive Load Bank
By Applications, the market is segmented into:
- Power Plant
- Government/Military
- Maritime/Shipyards
- Oil, Gas and Nuclear
- Data Centers
- Industrial
- Others
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Load Bank Hire Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Load Bank Hire Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Load Bank Hire Market
1.6.1 How the Covid-19 is Affecting the Load Bank Hire Market
1.6.1.1 Load Bank Hire Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Load Bank Hire Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Load Bank Hire Market Perspective (2015-2028)
2.2 Load Bank Hire Market Growth Trends by Regions
2.2.1 Load Bank Hire Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Load Bank Hire Market Historic Market Share by Regions (2015-2021)
2.2.3 Load Bank Hire Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Load Bank Hire Market Growth Strategy
2.3.6 Primary Interviews with Key Load Bank Hire Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Load Bank Hire Market Players by Market Size
3.1.1 Global Top Load Bank Hire Market Players by Revenue (2015-2021)
3.1.2 Global Load Bank Hire Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Load Bank Hire Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Load Bank Hire Market Concentration Ratio
3.2.1 Global Load Bank Hire Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Load Bank Hire Market Revenue in 2019
3.3 Load Bank Hire Market Key Players Head office and Area Served
3.4 Key Players Load Bank Hire Market Product Solution and Service
3.5 Date of entering into Load Bank Hire Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Load Bank Hire Market Historic Market Size by Type (2015-2021)
4.2 Global Load Bank Hire Market Forecasted Market Size by Type (2021-2028)
5 Load Bank Hire Market Breakdown Data by Application (2015-2028)
5.1 Global Load Bank Hire Market Size by Application (2015-2021)
5.2 Global Load Bank Hire Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Load Bank Hire Market Size (2015-2021)
6.2 Load Bank Hire Market Key Players in North America (2019-2021)
6.3 North America Load Bank Hire Market Size by Type (2015-2021)
6.4 North America Load Bank Hire Market Size by Application (2015-2021)
7 Europe
7.1 Europe Load Bank Hire Market Size (2015-2021)
7.2 Load Bank Hire Market Key Players in Europe (2019-2021)
7.3 Europe Load Bank Hire Market Size by Type (2015-2021)
7.4 Europe Load Bank Hire Market Size by Application (2015-2021)
8 China
8.1 China Load Bank Hire Market Size (2015-2021)
8.2 Load Bank Hire Market Key Players in China (2019-2021)
8.3 China Load Bank Hire Market Size by Type (2015-2021)
8.4 China Load Bank Hire Market Size by Application (2015-2021)
9 Japan
9.1 Japan Load Bank Hire Market Size (2015-2021)
9.2 Load Bank Hire Market Key Players in Japan (2019-2021)
9.3 Japan Load Bank Hire Market Size by Type (2015-2021)
9.4 Japan Load Bank Hire Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Load Bank Hire Market Size (2015-2021)
10.2 Load Bank Hire Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Load Bank Hire Market Size by Type (2015-2021)
10.4 Southeast Asia Load Bank Hire Market Size by Application (2015-2021)
11 India
11.1 India Load Bank Hire Market Size (2015-2021)
11.2 Load Bank Hire Market Key Players in India (2019-2021)
11.3 India Load Bank Hire Market Size by Type (2015-2021)
11.4 India Load Bank Hire Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Load Bank Hire Market Size (2015-2021)
12.2 Load Bank Hire Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Load Bank Hire Market Size by Type (2015-2021)
12.4 Central & South America Load Bank Hire Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Load Bank Hire Market Introduction
13.4 Load Bank Hire Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Load Bank Hire Market Key Market Segments
Table 2. Key Players Covered: Ranking by Load Bank Hire Market Revenue
Table 3. Ranking of Global Top Load Bank Hire Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Load Bank Hire Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Load Bank Hire Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Load Bank Hire Market Players to Combat Covid-19 Impact
Table 10. Global Load Bank Hire Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Load Bank Hire Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Load Bank Hire Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Load Bank Hire Market Share by Regions (2015-2021)
Table 14. Global Load Bank Hire Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Load Bank Hire Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Load Bank Hire Market Growth Strategy
Table 20. Main Points Interviewed from Key Load Bank Hire Market Players
Table 21. Global Load Bank Hire Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Load Bank Hire Market Share by Players (2015-2021)
Table 23. Global Top Load Bank Hire Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Load Bank Hire Market as of 2019)
Table 24. Global Load Bank Hire Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Load Bank Hire Market Product Solution and Service
Table 27. Date of entering into Load Bank Hire Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Load Bank Hire Market Size by Type (2015-2021) (Million US$)
Table 30. Global Load Bank Hire Market Size Share by Type (2015-2021)
Table 31. Global Load Bank Hire Market Revenue Market Share by Type (2021-2028)
Table 31. Global Load Bank Hire Market Size Share by Application (2015-2021)
Table 33. Global Load Bank Hire Market Size by Application (2015-2021) (Million US$)
Table 34. Global Load Bank Hire Market Size Share by Application (2021-2028)
Table 35. North America Key Players Load Bank Hire Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Load Bank Hire Market Share (2019-2021)
Table 37. North America Load Bank Hire Market Size by Type (2015-2021) (Million US$)
Table 38. North America Load Bank Hire Market Share by Type (2015-2021)
Table 39. North America Load Bank Hire Market Size by Application (2015-2021) (Million US$)
Table 40. North America Load Bank Hire Market Share by Application (2015-2021)
Table 41. Europe Key Players Load Bank Hire Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Load Bank Hire Market Share (2019-2021)
Table 43. Europe Load Bank Hire Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Load Bank Hire Market Share by Type (2015-2021)
Table 45. Europe Load Bank Hire Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Load Bank Hire Market Share by Application (2015-2021)
Table 47. China Key Players Load Bank Hire Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Load Bank Hire Market Share (2019-2021)
Table 49. China Load Bank Hire Market Size by Type (2015-2021) (Million US$)
Table 50. China Load Bank Hire Market Share by Type (2015-2021)
Table 51. China Load Bank Hire Market Size by Application (2015-2021) (Million US$)
Table 52. China Load Bank Hire Market Share by Application (2015-2021)
Table 53. Japan Key Players Load Bank Hire Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Load Bank Hire Market Share (2019-2021)
Table 55. Japan Load Bank Hire Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Load Bank Hire Market Share by Type (2015-2021)
Table 57. Japan Load Bank Hire Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Load Bank Hire Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Load Bank Hire Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Load Bank Hire Market Share (2019-2021)
Table 61. Southeast Asia Load Bank Hire Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Load Bank Hire Market Share by Type (2015-2021)
Table 63. Southeast Asia Load Bank Hire Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Load Bank Hire Market Share by Application (2015-2021)
Table 65. India Key Players Load Bank Hire Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Load Bank Hire Market Share (2019-2021)
Table 67. India Load Bank Hire Market Size by Type (2015-2021) (Million US$)
Table 68. India Load Bank Hire Market Share by Type (2015-2021)
Table 69. India Load Bank Hire Market Size by Application (2015-2021) (Million US$)
Table 70. India Load Bank Hire Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Load Bank Hire Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Load Bank Hire Market Share (2019-2021)
Table 73. Central & South America Load Bank Hire Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Load Bank Hire Market Share by Type (2015-2021)
Table 75. Central & South America Load Bank Hire Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Load Bank Hire Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Load Bank Hire Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Load Bank Hire Market Share by Type: 2021 VS 2028
Figure 2. Global Load Bank Hire Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Load Bank Hire Market Report Years Considered
Figure 8. Global Load Bank Hire Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Load Bank Hire Market Share by Regions: 2021 VS 2028
Figure 10. Global Load Bank Hire Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Load Bank Hire Market Share by Players in 2019
Figure 13. Global Top Load Bank Hire Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Load Bank Hire Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Load Bank Hire Market Revenue in 2019
Figure 15. North America Load Bank Hire Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Load Bank Hire Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Load Bank Hire Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Load Bank Hire Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Load Bank Hire Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Load Bank Hire Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Load Bank Hire Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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